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Everyone else has caught up and Nokia has been left behind
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geneven
2010-04-22 , 17:58
Posts: 5,795 | Thanked: 3,151 times | Joined on Feb 2007 @ Agoura Hills Calif
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There was an excellent series of articles in this week's Economist (tomorrow the new issue comes out) about developing countries and how they are beating other countries because they are focusing on making things that poor people can afford and figuring out how to go low-cost. Nokia was one of the few companies mentioned that understood this and was joining in the low-cost fight.
For an example, they said that a machine used to do open-heart surgery can be bought in I think India for something like $3,000. In the US a similar machine would cost ten times as much. The Economist added that the two machines had similar success rates. That was just one example of how these countries are cutting health care costs.
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